AP Economics – 10/07/19
I. Bellwork – Show your Work
A. For the graph determine:
- Cs before the tax
- Cs after the tax
- Ps before the tax
- Ps after the tax
- Total Surplus after the tax
- Total tax revenue
- Bonus – Calculate Deadweight loss
II Objectives:
- Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise taxes
- Graph and calculate the deadweight loss and revenue from taxes resulting from an excise tax
- Determine the impact of an excise tax on consumer and producer surplus as well as discuss the incidence of a tax.
III. Classwork: Classwork Pages 512 – 513
- Checking Your Understanding #2
- Tackle the Test MC 1-5
iV. Homework
- Worksheet 2.9
V. Test Wednesday Section 9
Review on iLearn
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